client year end is 31 March 2015
directors loan is overdrawn by approx £9500 and will be repaid within 9 months
does this need to be declared on the CT600 for the year?
Replies (8)
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Yes & No
Yes - it has to be disclosed on the CT return, but No - not on the CT600. It goes on the supplementary CT600A pages.
Yes of course. If you don't declare that the loan has been repaid since the year end how will HMRC know the tax is not due?
Thanks John
Just seems a strange question to ask on accounting web.
If the OP is employed in practice, ask a colleague.
If self employed acting for clients then it is very worrying.
Just my thoughts...
This was one of THE topics (five in all) that our former favourite Portia suggested as pre-requisite knowledge for members before anyone should be permitted to ask any questions.......so as to weed out the many many repeat ones.